Westpac Banking Corporation (NZE: WBC)

New Zealand flag New Zealand · Delayed Price · Currency is NZD
37.02
+0.50 (1.37%)
Dec 3, 2024, 3:31 PM NZST
62.58%
Market Cap 127.21B
Revenue (ttm) 22.93B
Net Income (ttm) 7.62B
Shares Out n/a
EPS (ttm) 2.09
PE Ratio 16.71
Forward PE n/a
Dividend n/a
Ex-Dividend Date Nov 7, 2024
Volume 12,968
Open 36.50
Previous Close 36.52
Day's Range 36.50 - 37.37
52-Week Range 22.85 - 37.79
Beta n/a
Analysts n/a
Price Target n/a
Earnings Date Feb 17, 2025

About Westpac Banking

Westpac Banking Corporation provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe. The company operates through four segments: Consumer, Business & Wealth, Westpac Institutional Bank, and Westpac New Zealand. It offers savings, term deposit, business transaction, not-for-profit transaction, foreign currency, farm management deposit, project and retention trust, and statutory trust accounts; home, personal, business, and commercial loans; vehicle and equipment finance; busine... [Read more]

Sector Financials
Founded 1817
Employees 33,583
Stock Exchange New Zealand Stock Exchange
Ticker Symbol WBC
Full Company Profile

Financial Performance

In 2024, Westpac Banking's revenue was 21.05 billion, an increase of 0.26% compared to the previous year's 21.00 billion. Earnings were 6.99 billion, a decrease of -2.85%.

Financial numbers in AUD Financial Statements

News

Westpac expect another Reserve Bank of New Zealand 50bp interest rate cut in February

The RBNZ cut the OCR by 50bps to 4.25% today: RBNZ Gov Orr says tariffs would put up pressure on price levels globally RBNZ Gov says it's a misunderstanding that RBNZ projections show slower pace of r...

6 days ago - Forexlive

Australian CPI due at the bottom of the hour - what to expect and why its not official

Snippet preview via Commonwealth Bank of Australia: We anticipate headline CPI inflation remained at 2.1%/yr in October. While a soft monthly outcome a year ago makes it hard for the annual rate to re...

6 days ago - Forexlive

ForexLive Asia-Pacific FX news wrap: Gold, BTC up

Federal Reserve Board Governor Michelle Bowman speaking Friday Just over half of economists surveyed expect the Bank of Japan to hike rates in December European Central Bank President Lagarde, plus Na...

11 days ago - Forexlive

RBA first cut forecasts from Australia's 4 biggest banks

Westpac revised their first cut forecast to May from February: Westpac revise its RBA forecast - see later but faster interest rate cuts Of Australia's four biggest banks, National Australia Bank (NAB...

11 days ago - Forexlive

Macquarie, Westpac and CBA big losers from $350m rural bank levy

Confidential details shared with industry participants show the size of the cost to the biggest lenders as Treasury attempts to keep regional branches open.

16 days ago - The Australian Financial Review

Incoming Westpac boss Miller poaches Wild from BHP

Anthony Miller has made his first move at the nation’s second-largest bank, recruiting his head of sustainability Fiona Wild from BHP.

21 days ago - The Australian Financial Review

Ex-Westpac treasurer named to Imperium Markets advisory board

The new board will be headed up by Imperium chairman Rod Lewis, former Westpac treasurer Curt Zuber and former MBIA UK chairman and chief executive Chris Weeks.

21 days ago - The Australian Financial Review

Woolworths, Westpac funds back controversial $500m anti-crime start-up

Auror’s use of AI technology to help retailers track criminals led to an Information Commissioner investigation, but investors aren’t worried.

22 days ago - The Australian Financial Review

Two Westpac directors leave after just three years on coveted board

The resignations add to a significant transition for the bank, with a new chairman appointed last year and a fresh chief executive starting next month.

27 days ago - The Australian Financial Review

New Zealand employment report recap - nothing to shift the RBNZ's view

The data is here: New Zealand Q3 unemployment rate 4.8% (expected 5.0%, prior 4.6%) Westpac have a handy summary up, we don’t think that there’s anything in today’s figures that would shift the RBNZ’s...

27 days ago - Forexlive

Full Year 2024 Westpac Banking Corp Earnings Presentation Transcript

Full Year 2024 Westpac Banking Corp Earnings Presentation Transcript

4 weeks ago - GuruFocus

Westpac’s departing King sees two pain points for Australia

Peter King leaves having steered Westpac through an impressive turnaround. But he sees two problems Australia needs to solve.

4 weeks ago - The Australian Financial Review

Incoming Westpac boss Anthony Miller takes on bank’s tech rescue

A $3 billion-plus technology project known as Unite will become a key plank of the new Westpac boss’ agenda when he takes the reins next month.

4 weeks ago - The Australian Financial Review

Westpac CEO’s final profit a reminder how much banking has changed

Peter King’s final result as Westpac CEO was pitched around one word: discipline.

4 weeks ago - The Australian Financial Review

MinRes boss to leave; AFP search PwC’s HQ; Westpac’s CEO in $7b exit

Read everything that’s happened in the news so far today.

4 weeks ago - The Australian Financial Review

Westpac Annual Profit Falls 3%, But Upbeat on Prospects

The lender said its annual net profit fell by 3%, but signaled hopes that demand for housing and business credit will rise in 2025 as Australia’s central bank joins global counterparts in cutting inte...

4 weeks ago - The Wall Street Journal

Westpac Annual Profit Falls 3%, But Upbeat on Prospects

The lender said its annual net profit fell by 3%, but signaled hopes that demand for housing and business credit will rise in 2025 as Australia's central bank joins global counterparts in cutting inte...

4 weeks ago - WSJ

Westpac’s profit jumps 10% as its income rises and impairment costs fall

CEO says bank 'acted swiftly'' to pass falling interest rates on to customers.

4 weeks ago - NZ Herald

Westpac's (WBC) Annual Net Profit Sees Slight Decline Despite Beating Expectations

Westpac's (WBC) Annual Net Profit Sees Slight Decline Despite Beating Expectations

4 weeks ago - GuruFocus

Westpac’s King signs off with $7b profit, juicy dividend

Outgoing CEO Peter King said the economy was “showing positive signs” and predicted interest rate relief arriving in 2025.

4 weeks ago - The Australian Financial Review

Australian lender Westpac's annual profit falls 3%, increases buyback

Australia's Westpac Banking Corp reported a 3% fall in annual profit on Monday, due to rising costs and intense competition in the mortgage market, while it increased its buyback program by an additio...

4 weeks ago - Reuters

Westpac Faces Tough 2025 as Australian Rates Slip; Shares Swing

Westpac Banking Corp.’s profit beat estimates as higher interest rates buoyed the bank’s margins and handed investors an additional buyback worth A$1 billion ($660 million) as well as a special divide...

4 weeks ago - BNN Bloomberg

ASX 200 LIVE: Shares rise; MinRes managing director and chairman to exit; Westpac ups buyback by $1 billion; Chevron inks Hexagon gas deal; Telix cheers US fee rule; Fletcher unit to fight NZ regulator claim.

Shares rise; MinRes managing director and chairman to exit; Westpac ups buyback by $1 billion; Chevron inks Hexagon gas deal; Telix cheers US fee rule; Fletcher unit to fight NZ regulator claim. Follo...

4 weeks ago - The Australian Financial Review

Bank investors alert for margins and costs reckoning

As Westpac kicks off a week of bank results, analysts are looking for evidence of margin pressure from intensifying competition amid soft lending.

4 weeks ago - The Australian Financial Review